Tag: Karen Wagner

• Wednesday, March 18th 2015 - 08:07 UTC

  Citigroup to exit custodial business in Argentina following ruling from Judge Griesa

  

  Citigroup Inc announced on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a US judge refused to lift an injunction that blocked the bank from processing interest payments on 2.3 billion of Argentina bonds, issued under Argentine law.

• Friday, March 13th 2015 - 11:18 UTC

  Griesa blocks Citigroup from paying interest on Argentine bonds; group will appeal

  

  A United States federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law. U.S. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called dollar-denominated exchange bonds would violate a requirement that Argentina treat bondholders equally.

• Saturday, September 20th 2014 - 08:11 UTC

  US court dismisses Citibank and Argentina appeal: back to Judge Griesa

  

  A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.